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    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
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    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
    Show AI Summary
    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.

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      Chardham Yatra Packages Announced by Epic Yatra for the 2026 Pilgrimage Season

      November 19, 2025

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      Government-Recognised Pilgrimage Operator Introduces Premium, Comfortable & Devotion-Focused Chardham Experiences Noida (Uttar Pradesh) [India], November 18: Accredited by the Ministry of Tourism (Government of India) and the Uttar Pradesh State Tourism Department, Epic Yatra proudly launches its exclusive 2026 Chardham Yatra Packages. Known for providing safe, reliable, and spiritually enriching tours, the company presents three uniquely designed itineraries: • Luxury Chardham Yatra Package • Chardham Yatra Package from Haridwar • Chardham Yatra Package from Delhi Each package is thoughtfully curated to offer seamless travel, comfortable stays, and guided spiritual experiences across the sacred shrines of Yamunotri, Gangotri, Kedarnath, and Badrinath. Luxury Char Dham Yatra Package Epic Yatra presents an exquisite Luxury Chardham Yatra Package for devotees seeking style and comfort amid divine serenity. This package blends world-class hospitality with spiritually uplifting experiences, ensuring an effortless journey across the Himalayas. Highlights Include: • Luxury hotels and high-comfort camps at all destinations • Private premium vehicles with experienced chauffeurs • Dedicated support at temples and registration points • Optional helicopter services for Kedarnath darshan • All-inclusive vegetarian meals • Medical and oxygen support during high-altitude travel "Our luxury package offers a refined and peaceful pilgrimage experience without compromising devotion," says Bandana Singh, CEO of Epic Yatra. "We pay close attention to comfort, safety, and spiritual fulfillment in every detail." Chardham Yatra Package from Haridwar The Chardham Yatra Package from Haridwar is designed specifically for pilgrims who begin their holy journey from Uttarakhand's revered gateway. This is one of the most popular itineraries for families, senior citizens, and group travellers. Features included in this package: • Duration: 9–11 days • Route: Haridwar → Yamunotri → Gangotri → Kedarnath → Badrinath → Haridwar • Comfortable deluxe accommodations • AC tempo traveller or SUV transportation • Assistance with all temple registrations and permits • Pony, palanquin, or helicopter options at key points "Starting from Haridwar reflects the traditional beginning of the Chardham Yatra," adds Rohit Sharma, Senior Tour Coordinator. "We ensure a smooth, well-coordinated experience for every devotee." Char Dham Yatra Package from Delhi For pilgrims who prefer a complete start-to-finish experience from the national capital, Epic Yatra offers the comprehensive Char Dham Yatra Package from Delhi. Key Inclusions: • Duration: 11–13 days • AC transportation from Delhi and return • Well-selected hotels and camps along the route • Guided support at every dham • Priority assistance for darshan and temple procedures • Meals, medical care, and travel logistics are fully managed "Our Delhi package is ideal for devotees looking for an effortless transition from city life to the spiritually charged Chardham circuit," reveals Bandana Singh. Epic Yatra – Trusted for Spiritual Travel Epic Yatra has successfully operated thousands of pilgrimage tours, including Amarnath Yatra, Kailash Mansarovar, Vaishno Devi, and Chardham Yatra. The company stands for safety standards, transparent pricing, and a deeply service-oriented approach. Why Pilgrims Prefer Epic Yatra: • Government-recognised and accredited, tailor-made, flexible itinerary options • Experienced guides and ground teams • 24/7 pilgrim support and medical assistance • Comfortable vehicles and verified accommodations • Strong commitment to safety and devotional integrity Epic Yatra has proudly announced its Char Dham Yatra packages for the 2026 pilgrimage season. This includes four holy shrines that create a faith-filled journey for devout travelers: Yamunotri, Gangotri, Kedarnath, and Badrinath. The different package options, such as budget, standard, deluxe, luxury, and family, have been designed to accommodate various requirements and preferences. For pilgrims starting from Delhi, Epic Yatra's signature 11-night, 12-day itinerary covers all four dhams, with prices starting at ₹ 21,500 per person. This route includes transport, handpicked accommodation, and vegetarian meals-largely breakfast and dinner-providing a balance of spiritual depth with practical comfort. For those based elsewhere, such as Bangalore, Epic Yatra offers a 12-day road package with similarly tiered accommodation options. The costs for 2026 have been thoughtfully structured: basic or budget packages start from around ₹ 16,000–₹ 19,999, depending on pick-up location. Deluxe versions, with 3- to 4-star hotels and private vehicles, are considerably higher. On the high end, luxury packages offering 4- to 5-star stays, private transport, medical support, and even helicopter options can go up to ₹ 70,000 or beyond. One of the key strengths of Epic Yatra’s 2026 offering is its flexibility. Their family packages are highly in demand, as itineraries can be tailored by sharing rooms, upgrading transport, or creating custom schedules to suit elders and children. Whether one wants austerity or more indulgence, Epic Yatra offers clear, tiered choices to help pilgrims pick what best fits their spiritual goals and budget. Furthermore, the agency is highly safety- and logistics-oriented. They manage the most cumbersome parts of the tour, such as yatra registration, permits, and local transportation, which the pilgrims do not need to concern themselves with. Epic Yatra +1 Equipped with deep experience in handling Himalayan pilgrimages, Epic Yatra ensures reliable vehicles, certified drivers, and rest-friendly schedules that will make the Darshan process smooth and meaningful. To put it succinctly, for the 2026 pilgrimage season, Epic Yatra's Char Dham Yatra packages offer a formidable combination of spiritual authenticity, affordable pricing, and on-demand comfort. Whatever your experience as a seasoned pilgrim or a first-timer on this journey, their offerings make the holy passage to Yamunotri, Gangotri, Kedarnath, and Badrinath accessible, safe, and deeply resonant. About Epic Yatra Epic Yatra is a premier pilgrimage tour operator that offers spiritual journeys to various sites across India, Nepal, and Tibet. Specializing in Chardham, Amarnath, Kailash Mansarovar, and Vaishno Devi tours, the company ensures reliable, comfortable, and spiritually meaningful travel experiences. Head Office: Office No. F02, First Floor, A-28, Block A, Sector 4 Noida, Uttar Pradesh – 201301 Email: [email protected] Website – www.epicyatra.com (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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